Former IT Firm's Executives Settle With SEC Over Inflated Financial Data

Company Has Since Been Taken Over by Xerox

Two top executives of an information technology company that has since been acquired by Xerox Corp. have agreed to pay nearly $675,000 to settle claims the IT company inflated its financial data, misleading investors and boosting bonuses.

The Securities and Exchange Commission said Lynn R. Blodgett, who at the time was chief executive at Affiliated Computer Services, and Kevin R. Kyser, chief financial officer, had arranged for an equipment manufacturer to redirect through ACS pre-existing orders that the manufacturer had...